Pakistan Encourages Russian Investment in Key Economic Sectors

Yekaterinburg: Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, has extended an invitation to Russian companies to invest in Pakistan’s electric vehicles, fertilizers, pharmaceuticals, and agricultural machinery sectors.

According to Radio Pakistan, Khan was in discussion with Russian Minister for Industry and Trade, Anton Alikhanov, in Yekaterinburg, Russia. Their talks focused on the revitalization of Pakistan Steel Mills, reviewing technical aspects and support mechanisms, while also exploring ways to strengthen bilateral trade ties and forge industrial partnerships.

Leading a high-level Pakistani delegation to Russia, Khan is participating in the annual INNOPROM Industrial Forum. The delegation has taken the opportunity to brief Russian officials on Pakistan’s new Industrial Policy, which aims to facilitate foreign investment and boost local manufacturing.

Meetings have also been held with Russian companies interested in mineral exploration in Pakistan, highlighting the country’s rich natural resources and its investor-friendly environment. The visit underscores the potential for enhancing industrial cooperation between Pakistani and Russian enterprises, with an emphasis on potential joint ventures.

This visit signifies a positive step towards deeper industrial and economic collaboration between Pakistan and Russia, aiming to open new avenues for both nations.